DGAP-Adhoc: DAB Bank AG: HypoVereinsbank (UniCredit Bank AG) and BNP Paribas reach an agreement on the sale of a majority

 DGAP-Adhoc: DAB Bank AG: HypoVereinsbank (UniCredit Bank AG) and BNP Paribas  reach an agreement on the sale of a majority interest in DAB Bank  DAB Bank AG  / Key word(s): Mergers & Acquisitions/Disposal  31.07.2014 19:31  Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.  ---------------------------------------------------------------------------  HypoVereinsbank (UniCredit Bank AG) and BNP Paribas reach an agreement on the sale of a majority interest in DAB Bank  Munich, July 31, 2014. The Management Board of DAB Bank AG (WKN: 507230), Munich, has just been informed by HypoVereinsbank (UniCredit Bank AG), Munich, that the Management Board of HypoVereinsbank has reached an agreement with BNP Paribas S.A. on the sale of its 81.4%% equity stake in DAB Bank AG. A price of EUR4.78 per share was agreed. Thus, HypoVereinsbank's investment is valued at around EUR354 million.  The Supervisory Board of HypoVereinsbank must still approve the transaction. The closing of the transaction is pending, subject to the approval of the competent authorities, particularly the German Federal Financial Services Supervisory Office (BaFin) and the cartel authorities.  Based on the information conveyed to it, the Management Board of DAB Bank AG takes a generally positive view of this acquisition. If the intended transaction comes to fruition and, as a consequence, a public takeover bid is presented, the competent corporate bodies will study the contents of such a bid and issue a statement, in accordance with the provisions of law.   Contact: If you have queries, please contact Carolin Reiter, DAB Bank AG, +49 89 500 68 1696 or ir@dab.com.   31.07.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------------   Language:     English Company:      DAB Bank AG               Landsberger Straße 300               80687 München               Germany Phone:        +49 (0)89 500 68 1696 Fax:          +49  (0)89 500 68 669 E-mail:       ir@dab.com Internet:     www.dab-bank.de ISIN:         DE0005072300 WKN:          507230 Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart   End of Announcement                             DGAP News-Service   ---------------------------------------------------------------------------  
Press spacebar to pause and continue. Press esc to stop.